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Utah Code § 16-16-802

No liability as director for limited cooperative association's obligations

Utah · Utah Code Title 16 — Business Entities · Status: effective

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Utah Code § 16-16-802, No liability as director for limited cooperative association's obligations, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2328351
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A debt, obligation, or other liability of a limited cooperative association is solely that of the association and is not a debt, obligation, or liability of a director solely by reason of being a director. An individual is not personally liable, directly or indirectly, for an obligation of an association solely by reason of being a director.